commerce ministry Archives

S. Korea to Develop 1-ton Electric Truck by 2019

SEOUL, Dec. 19 (Korea Bizwire) — South Korea will develop a small electricity powered truck by 2019 and make efforts to improve the country’s charging infrastructure, the commerce ministry said Tuesday. The Ministry of Trade, Industry and Energy said it will team up with small and medium-sized parts companies to develop a 1-ton capacity electric [...]

Samsung to Provide “Smart Factory” Solutions to Smaller Firms

SEOUL, Aug. 31 (Korea Bizwire) — Samsung Electronics said Monday it has agreed with the commerce ministry to provide smaller firms with more efficient production facilities in line with government efforts to promote shared growth between big businesses and them. Under the plan, the two will invest 15 billion won (US$12.6 million) each to share various [...]